REGISTERED NUMBER: 13114324 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Kabbas Gifts Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Matini

Mrs K Flowers Matini

REGISTERED OFFICE:

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

REGISTERED NUMBER:

13114324 (England and Wales)

ACCOUNTANTS:

Johal & Company

Chartered Certified Accountants

& Registered Auditors

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

FIXED ASSETS

Tangible assets

4

230

307

Investments

5

100

100

Investment property

6

469,328

469,328

469,658

469,735

CURRENT ASSETS

Stocks

2,500

10,500

Debtors

7

40,264

22,524

Cash at bank

12,420

14,457

55,184

47,481

CREDITORS

Amounts falling due within one year

8

35,510

217,455

NET CURRENT ASSETS/(LIABILITIES)

19,674

(169,974

)

TOTAL ASSETS LESS CURRENT LIABILITIES

489,332

299,761

CREDITORS

Amounts falling due after more than one year

9

437,713

264,920

NET ASSETS

51,619

34,841

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

51,519

34,741

51,619

34,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mrs K Flowers Matini - Director

1.	STATUTORY INFORMATION

Kabbas Gifts Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2024

and 31 January 2025

587

DEPRECIATION

At 1 February 2024

280

Charge for year

77

At 31 January 2025

357

NET BOOK VALUE

At 31 January 2025

230

At 31 January 2024

307

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

100

NET BOOK VALUE

At 31 January 2025

100

At 31 January 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

469,328

NET BOOK VALUE

At 31 January 2025

469,328

At 31 January 2024

469,328

7.

DEBTORS

31.1.25

31.1.24

£

£

Amounts falling due within one year:

Trade debtors

-

(2

)

31.1.25

31.1.24

£

£

Amounts falling due after more than one year:

Other debtors

40,264

22,526

Aggregate amounts

40,264

22,524

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

30,933

-

Taxation and social security

3,802

5,167

Other creditors

775

212,288

35,510

217,455

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

210,279

264,920

Other creditors

227,434

-

437,713

264,920

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

210,279

264,920

10.	RELATED PARTY DISCLOSURES

Kabbas Gifts hold 100% of the shares in Joke & Craft Limited as at 31st January 2024.